DeFi Daily News
Monday, July 7, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Altcoins

rewrite this title MARA Stock News: Record Bitcoin Production, $700M Convertible Notes Offering

Damian Chmiel by Damian Chmiel
December 2, 2024
in Altcoins
0 0
0
rewrite this title MARA Stock News: Record Bitcoin Production, 0M Convertible Notes Offering
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

MARA
Holdings, Inc. (NASDAQ: MARA), a
leading name in digital asset compute and blockchain technology and the biggest
Bitcoin miner from Wall Street, announced two significant updates on its
operations and financial strategy today (Monday).

These
developments underscore the company’s robust positioning in the cryptocurrency
and digital asset market, providing fresh insights for investors tracking MARA
stock and the broader market.

MARA Stock News: November
Bitcoin Mining Reaches Record Highs

MARA
Holdings revealed its November 2024 bitcoin production update, highlighting a
record-breaking performance in mining operations. The company achieved a 27%
month-over-month increase in blocks won, totaling 254, while bitcoin (BTC)
production rose by 26% to 907 BTC. This surge was driven by enhanced
operational efficiency and the deployment of additional mining rigs, increasing
MARA’s energized hash rate to 46.1 EH/s, a 15% improvement from October.

Fred Thiel, CEO, MARA, Source: LinkedIn

“November
was a record-breaking month for MARA, with our mining operations achieving
unprecedented levels of production. These results highlight the significant
strides we’ve made in scaling operations and optimizing performance,” Fred
Thiel, MARA’s chairman and CEO, noted.

“Our
BTC production grew 26% month-over-month to 907 BTC and energized hash rate
Hash Rate

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain
Read this Term

increased to 46.1 EH/s, a 15% increase over October,” Thiel added. “Notably, a
portion of our Bitcoin and hash rate was acquired outside of our own mining
pool. These results highlight the significant strides we’ve made in scaling our
operations and optimizing performance, reinforcing our leadership position in
the industry.”

MARA key highlights from
the report

Year-to-date
(YTD) BTC mined:
8,563 BTCTotal
BTC holdings: 34,959
BTC, valued at $3.3 billionAverage
acquisition price for purchased BTC: $77,692YTD BTC
yield per share:
37.2%

MARA’s
hybrid strategy of mining and purchasing bitcoin provides flexibility to
capitalize on market conditions. The company acquired 6,474 BTC in November
alone, leveraging price declines to optimize acquisition costs. This dual
approach positions MARA to maintain a competitive edge while delivering
long-term shareholder value.

MARA’s November 2024 #Bitcoin Production Update is here:

– Energized Hash Rate Increased 15% to 46.1 EH/s- Record 254 Blocks Won, a 27% Increase M/M- 907 BTC Produced, a 26% Increase M/M- Total BTC HODL: 34,959 BTC valued at $3.3B (spot: $95K)- 12,965 BTC acquired YTD at…

— MARA (@MARAHoldings) December 2, 2024

Recently,
the biggest publicly listed Bitcoin mining company on Wall Street emphasized
the importance of the United States strengthening its position in Bitcoin
holdings and mining operations, describing
it as a crucial aspect of national security amidst intensifying global competition.

Proposed $700 Million
Convertible Notes Offering

In a
separate announcement, MARA
Holdings detailed plans to raise $700 million through a private offering of
zero-coupon convertible senior notes due in 2031. The offering, subject to
market conditions, will also include an option for initial purchasers to
acquire an additional $105 million in notes.

Proceeds
from the offering will be allocated primarily toward acquiring additional
bitcoin and repurchasing the company’s existing convertible notes due 2026.
Remaining funds may be used for general corporate purposes, including strategic
acquisitions, expansion of assets, and debt repayment.

Today, we announced a proposed private offering of 0% convertible notes of $700 million + $105 million option. Proceeds to be used primarily to acquire bitcoin and repurchase existing 2026 convertible notes up to $50 million.https://t.co/S9kgfId4rp

— MARA (@MARAHoldings) December 2, 2024

“MARA
expects to use up to $50 million of the net proceeds from the sale of the notes
to repurchase a portion of its existing convertible notes due 2026 in privately negotiated transactions with the
remainder of the net proceeds to be used to acquire additional Bitcoin and for
general corporate purposes,” the company commented.

The notes,
expected to be convertible into MARA stock or cash, will not accrue interest.
Special interest, if applicable, will commence in mid-2025. The anticipated
reference price for conversion will be determined based on MARA stock’s
volume-weighted average price on the pricing date.

MARA has
also highlighted potential market activity linked to the repurchase of existing
notes. Hedged holders may unwind their positions, potentially impacting the
market price of MARA stock during the pricing period.

This is not
the first time MARA has undertaken such a move. Just two weeks ago, the company
announced
$850 million convertible note offerings.

Principal
Amount: $850
million, with an option for initial purchasers to acquire an additional $150
million.Conversion
Price: $25.91 per
share, representing a 42.5% premium over the U.S. composite volume-weighted
share price.

MARA Stock Outlook and
Investor Implications

These
updates arrive as MARA stock continues to attract interest among investors
navigating the cryptocurrency market. The company’s focus on operational
excellence and strategic financial management strengthens its position as a
leader in the blockchain
Blockchain

Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp

Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp
Read this Term
sector.

Although
the information published in the report seemed positive, the market reacted
with a decline. On Monday, December 2, 2024, MARA stock opened on NASDAQ with a
6% drop, reaching an intraday low of approximately $25. Currently, one MARA
stock is trading at $25.85.

MARA stock price on Monday. Source: TradingView

It is worth
noting, however, that the stock remains close to mid-term highs, with the $23
level expected to serve as a significant support point.

MARA has
also reminded investors of potential risks, urging them to carefully review the
company’s latest filings with the SEC, including annual and quarterly reports.
The cryptocurrency and digital asset markets remain highly volatile,
emphasizing the importance of making informed trading and investment decisions.

Almost a
month ago, the
company reported a net loss of $124.8 million in the third quarter of 2024,
despite a 34.5% year-over-year revenue increase to $131.6 million. The loss was
primarily due to a $40 million rise in operational expenses, which overshadowed
the revenue growth.

About MARA Holdings

MARA
Holdings, Inc. (NASDAQ: MARA) is a global leader in digital asset compute,
leveraging innovative technologies to secure blockchain networks and transform
underutilized energy into economic value.

The company
continues to expand its presence in the digital asset space, making MARA stock
a focal point for analysts and investors tracking the intersection of
blockchain and financial markets.

Frequently Asked Questions
(FAQs), MARA Stock News

What is MARA’s current BTC
holding?

As of
November 30, 2024, MARA holds 34,959 BTC, valued at $3.3 billion.

How will the proceeds from
the $700 million notes offering be used?

Proceeds
will primarily fund bitcoin acquisitions, repurchase existing 2026 convertible
notes, and support corporate initiatives.

What was MARA’s BTC
production growth in November 2024?

MARA
achieved a 26% month-over-month growth in BTC production, mining 907 BTC in
November.

Is MARA stock impacted by
the proposed offering?

The
proposed offering may influence MARA stock’s market price due to activities
linked to hedged holders and derivative transactions. After the newest
announcements the stock price of MARA fell more than 6% on Monday, testing $25.7.

For the
latest MARA stock news, financial updates, and operational highlights, stay
connected with Finance Magnates’ updates.

MARA
Holdings, Inc. (NASDAQ: MARA), a
leading name in digital asset compute and blockchain technology and the biggest
Bitcoin miner from Wall Street, announced two significant updates on its
operations and financial strategy today (Monday).

These
developments underscore the company’s robust positioning in the cryptocurrency
and digital asset market, providing fresh insights for investors tracking MARA
stock and the broader market.

MARA Stock News: November
Bitcoin Mining Reaches Record Highs

MARA
Holdings revealed its November 2024 bitcoin production update, highlighting a
record-breaking performance in mining operations. The company achieved a 27%
month-over-month increase in blocks won, totaling 254, while bitcoin (BTC)
production rose by 26% to 907 BTC. This surge was driven by enhanced
operational efficiency and the deployment of additional mining rigs, increasing
MARA’s energized hash rate to 46.1 EH/s, a 15% improvement from October.

Fred Thiel, CEO, MARA, Source: LinkedIn

“November
was a record-breaking month for MARA, with our mining operations achieving
unprecedented levels of production. These results highlight the significant
strides we’ve made in scaling operations and optimizing performance,” Fred
Thiel, MARA’s chairman and CEO, noted.

“Our
BTC production grew 26% month-over-month to 907 BTC and energized hash rate
Hash Rate

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain
Read this Term

increased to 46.1 EH/s, a 15% increase over October,” Thiel added. “Notably, a
portion of our Bitcoin and hash rate was acquired outside of our own mining
pool. These results highlight the significant strides we’ve made in scaling our
operations and optimizing performance, reinforcing our leadership position in
the industry.”

MARA key highlights from
the report

Year-to-date
(YTD) BTC mined:
8,563 BTCTotal
BTC holdings: 34,959
BTC, valued at $3.3 billionAverage
acquisition price for purchased BTC: $77,692YTD BTC
yield per share:
37.2%

MARA’s
hybrid strategy of mining and purchasing bitcoin provides flexibility to
capitalize on market conditions. The company acquired 6,474 BTC in November
alone, leveraging price declines to optimize acquisition costs. This dual
approach positions MARA to maintain a competitive edge while delivering
long-term shareholder value.

MARA’s November 2024 #Bitcoin Production Update is here:

– Energized Hash Rate Increased 15% to 46.1 EH/s- Record 254 Blocks Won, a 27% Increase M/M- 907 BTC Produced, a 26% Increase M/M- Total BTC HODL: 34,959 BTC valued at $3.3B (spot: $95K)- 12,965 BTC acquired YTD at…

— MARA (@MARAHoldings) December 2, 2024

Recently,
the biggest publicly listed Bitcoin mining company on Wall Street emphasized
the importance of the United States strengthening its position in Bitcoin
holdings and mining operations, describing
it as a crucial aspect of national security amidst intensifying global competition.

Proposed $700 Million
Convertible Notes Offering

In a
separate announcement, MARA
Holdings detailed plans to raise $700 million through a private offering of
zero-coupon convertible senior notes due in 2031. The offering, subject to
market conditions, will also include an option for initial purchasers to
acquire an additional $105 million in notes.

Proceeds
from the offering will be allocated primarily toward acquiring additional
bitcoin and repurchasing the company’s existing convertible notes due 2026.
Remaining funds may be used for general corporate purposes, including strategic
acquisitions, expansion of assets, and debt repayment.

Today, we announced a proposed private offering of 0% convertible notes of $700 million + $105 million option. Proceeds to be used primarily to acquire bitcoin and repurchase existing 2026 convertible notes up to $50 million.https://t.co/S9kgfId4rp

— MARA (@MARAHoldings) December 2, 2024

“MARA
expects to use up to $50 million of the net proceeds from the sale of the notes
to repurchase a portion of its existing convertible notes due 2026 in privately negotiated transactions with the
remainder of the net proceeds to be used to acquire additional Bitcoin and for
general corporate purposes,” the company commented.

The notes,
expected to be convertible into MARA stock or cash, will not accrue interest.
Special interest, if applicable, will commence in mid-2025. The anticipated
reference price for conversion will be determined based on MARA stock’s
volume-weighted average price on the pricing date.

MARA has
also highlighted potential market activity linked to the repurchase of existing
notes. Hedged holders may unwind their positions, potentially impacting the
market price of MARA stock during the pricing period.

This is not
the first time MARA has undertaken such a move. Just two weeks ago, the company
announced
$850 million convertible note offerings.

Principal
Amount: $850
million, with an option for initial purchasers to acquire an additional $150
million.Conversion
Price: $25.91 per
share, representing a 42.5% premium over the U.S. composite volume-weighted
share price.

MARA Stock Outlook and
Investor Implications

These
updates arrive as MARA stock continues to attract interest among investors
navigating the cryptocurrency market. The company’s focus on operational
excellence and strategic financial management strengthens its position as a
leader in the blockchain
Blockchain

Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp

Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp
Read this Term
sector.

Although
the information published in the report seemed positive, the market reacted
with a decline. On Monday, December 2, 2024, MARA stock opened on NASDAQ with a
6% drop, reaching an intraday low of approximately $25. Currently, one MARA
stock is trading at $25.85.

MARA stock price on Monday. Source: TradingView

It is worth
noting, however, that the stock remains close to mid-term highs, with the $23
level expected to serve as a significant support point.

MARA has
also reminded investors of potential risks, urging them to carefully review the
company’s latest filings with the SEC, including annual and quarterly reports.
The cryptocurrency and digital asset markets remain highly volatile,
emphasizing the importance of making informed trading and investment decisions.

Almost a
month ago, the
company reported a net loss of $124.8 million in the third quarter of 2024,
despite a 34.5% year-over-year revenue increase to $131.6 million. The loss was
primarily due to a $40 million rise in operational expenses, which overshadowed
the revenue growth.

About MARA Holdings

MARA
Holdings, Inc. (NASDAQ: MARA) is a global leader in digital asset compute,
leveraging innovative technologies to secure blockchain networks and transform
underutilized energy into economic value.

The company
continues to expand its presence in the digital asset space, making MARA stock
a focal point for analysts and investors tracking the intersection of
blockchain and financial markets.

Frequently Asked Questions
(FAQs), MARA Stock News

What is MARA’s current BTC
holding?

As of
November 30, 2024, MARA holds 34,959 BTC, valued at $3.3 billion.

How will the proceeds from
the $700 million notes offering be used?

Proceeds
will primarily fund bitcoin acquisitions, repurchase existing 2026 convertible
notes, and support corporate initiatives.

What was MARA’s BTC
production growth in November 2024?

MARA
achieved a 26% month-over-month growth in BTC production, mining 907 BTC in
November.

Is MARA stock impacted by
the proposed offering?

The
proposed offering may influence MARA stock’s market price due to activities
linked to hedged holders and derivative transactions. After the newest
announcements the stock price of MARA fell more than 6% on Monday, testing $25.7.

For the
latest MARA stock news, financial updates, and operational highlights, stay
connected with Finance Magnates’ updates.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 700MBitcoinConvertibleMaraNewsNotesOfferingproductionRecordrewriteStocktitle
ShareTweetShare
Previous Post

rewrite this title Fintech Rundown: A Rapid Review of Weekly News – Finovate

Next Post

XRP Risk Metric (Enters 0.8-0.9 Risk Band)

Next Post
XRP Risk Metric (Enters 0.8-0.9 Risk Band)

XRP Risk Metric (Enters 0.8-0.9 Risk Band)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title Here’s How All Major AI Platforms Stacked Up in a Harry Potter Sorting Hat Quiz – Decrypt

rewrite this title Here’s How All Major AI Platforms Stacked Up in a Harry Potter Sorting Hat Quiz – Decrypt

July 7, 2025
rewrite this title Cloudflare’s bot paywall could ignite a tokenized content gold rush

rewrite this title Cloudflare’s bot paywall could ignite a tokenized content gold rush

July 7, 2025
rewrite this title Rick and Morty: Zack Snyder & James Gunn voiced themselves in a recent episode

rewrite this title Rick and Morty: Zack Snyder & James Gunn voiced themselves in a recent episode

July 7, 2025
rewrite this title Amazon Prime Day deals are already live through July 11: Here are our top picks so far

rewrite this title Amazon Prime Day deals are already live through July 11: Here are our top picks so far

July 7, 2025
rewrite this title Under Armour Semi-Annual Sale: Prices from .48 shipped! {New Promo Code!}

rewrite this title Under Armour Semi-Annual Sale: Prices from $4.48 shipped! {New Promo Code!}

July 7, 2025
rewrite this title Anonybit Partners with SmartUp to Introduce Digital Identity Solution for AI Agents – Finovate

rewrite this title Anonybit Partners with SmartUp to Introduce Digital Identity Solution for AI Agents – Finovate

July 7, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.